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Price Action Trading System's
How Much Does a Professional Trader Earn?
by Shawn W. Cooke
I can't tell you how many times I get asked this question. As a professional Futures Trader who is Trading for a Living, I can give you a solid answer but, the truth is, there are many layers to this question. The short answer is that the sky really is the limit depending on the Trading Rules you create for yourself.
The average trader on Wall Street earns between $400,000 and $800,000 per year. But trading for a living as an individual Futures trader (from home like me) is not like trading on Wall Street. Trading for a living as an individual trader actually has a lot of similarities to most traditional businesses. Here is a very simple analogy that I like to use that helps compare trading for a living to other businesses.
If you owned one hot dog cart (a traditional business), and worked that hot dog stand exclusively, as the owner and the operator, you would be trading hot dogs for the cash that your customers pay for the product. In a sense, you are also trading for a living, and you must create Trading Rules that you follow when dealing with your customers. Here's where the business structures differ. As a Hot dog vendor, if you wished to grow your business, you would have to open a new hot dog stand that is run by an employee that you hire. This changes your Trading Rules. Your profit shrinks for the second location because you now have an employee to pay. As a Futures trader who is Trading for a Living, all I must do to grow my business is modify my trading rules to trade a larger share size. There is no additional labor or major expense to grow my business. The risk profile should not change for me, nor should it change for the hot dog vendor as long as certain conditions are met prior to the decision to grow each business.
Additional Risk in any business happens when businesses' decide to grow too fast. As a Futures Trader, if I decide to trade a larger position size because my account size (cash on hand) has grown, then that is natural growth. I am trading larger but the percentage of my account at risk has not changed. I am trading with the same trading rules that I always have, but with a larger share size. As a traditional business, choosing to grow because cash on hand has increased is also natural growth.
So the short answer about what a Professional Trader earns is no different than the same question asked about any scalable business profession with Trading Rules. I am sure there are food cart vendors with 300 carts on the street. If you go to a party and inquire about someone's profession only to hear he's a street food vendor, don't move to the other side of the room. He could have 300 carts or just one! Likewise, if you hear that he's is trading for a living, don't get too excited. His trading rules may be written to trade 1 contract per trade to supplement his retirement income. In any business, it all depends on you!! Follow these links to learn more about my Trading Rules or if you are interested in Trading for a Living. Thanks for reading and Make it a Profitable Day!
Shawn W. Cooke How Much Does a Professional Trader Earn? by Shawn W. Cooke 8/01/11 I can't tell you how many times I get asked this question. As a professional Futures Trader who is Trading for a Living, I can give you a solid answer but, the truth is, there are many layers to this question. The short answer is that the sky really is the limit depending on the Trading Rules you create for yourself. The average trader on Wall Street earns between $400,000 and $800,000 per year. But trading for a living as an individual Futures trader (from home like me) is not like trading on Wall Street. Trading for a living as an individual trader actually has a lot of similarities to most traditional businesses. Here is a very simple analogy that I like to use that helps compare trading for a living to other businesses. If you owned one hot dog cart (a traditional business), and worked that hot dog stand exclusively, as the owner and the operator, you would be trading hot dogs for the cash that your customers pay for the product. In a sense, you are also trading for a living, and you must create Trading Rules that you follow when dealing with your customers. Here's where the business structures differ. As a Hot dog vendor, if you wished to grow your business, you would have to open a new hot dog stand that is run by an employee that you hire. This changes your Trading Rules. Your profit shrinks for the second location because you now have an employee to pay. As a Futures trader who is Trading for a Living, all I must do to grow my business is modify my trading rules to trade a larger share size. There is no additional labor or major expense to grow my business. The risk profile should not change for me, nor should it change for the hot dog vendor as long as certain conditions are met prior to the decision to grow each business. Additional Risk in any business happens when businesses' decide to grow too fast. As a Futures Trader, if I decide to trade a larger position size because my account size (cash on hand) has grown, then that is natural growth. I am trading larger but the percentage of my account at risk has not changed. I am trading with the same trading rules that I always have, but with a larger share size. As a traditional business, choosing to grow because cash on hand has increased is also natural growth. So the short answer about what a Professional Trader earns is no different than the same question asked about any scalable business profession with Trading Rules. I am sure there are food cart vendors with 300 carts on the street. If you go to a party and inquire about someone's profession only to hear he's a street food vendor, don't move to the other side of the room. He could have 300 carts or just one! Likewise, if you hear that he's is trading for a living, don't get too excited. His trading rules may be written to trade 1 contract per trade to supplement his retirement income. In any business, it all depends on you!! Follow these links to learn more about my Trading Rules or if you are interested in Trading for a Living. Thanks for reading and Make it a Profitable Day! Shawn W. Cooke How Much Does a Professional Trader Earn? by Shawn W. Cooke 8/01/11 I can't tell you how many times I get asked this question. As a professional Futures Trader who is Trading for a Living, I can give you a solid answer but, the truth is, there are many layers to this question. The short answer is that the sky really is the limit depending on the Trading Rules you create for yourself. The average trader on Wall Street earns between $400,000 and $800,000 per year. But trading for a living as an individual Futures trader (from home like me) is not like trading on Wall Street. Trading for a living as an individual trader actually has a lot of similarities to most traditional businesses. Here is a very simple analogy that I like to use that helps compare trading for a living to other businesses. If you owned one hot dog cart (a traditional business), and worked that hot dog stand exclusively, as the owner and the operator, you would be trading hot dogs for the cash that your customers pay for the product. In a sense, you are also trading for a living, and you must create Trading Rules that you follow when dealing with your customers. Here's where the business structures differ. As a Hot dog vendor, if you wished to grow your business, you would have to open a new hot dog stand that is run by an employee that you hire. This changes your Trading Rules. Your profit shrinks for the second location because you now have an employee to pay. As a Futures trader who is Trading for a Living, all I must do to grow my business is modify my trading rules to trade a larger share size. There is no additional labor or major expense to grow my business. The risk profile should not change for me, nor should it change for the hot dog vendor as long as certain conditions are met prior to the decision to grow each business. Additional Risk in any business happens when businesses' decide to grow too fast. As a Futures Trader, if I decide to trade a larger position size because my account size (cash on hand) has grown, then that is natural growth. I am trading larger but the percentage of my account at risk has not changed. I am trading with the same trading rules that I always have, but with a larger share size. As a traditional business, choosing to grow because cash on hand has increased is also natural growth. So the short answer about what a Professional Trader earns is no different than the same question asked about any scalable business profession with Trading Rules. I am sure there are food cart vendors with 300 carts on the street. If you go to a party and inquire about someone's profession only to hear he's a street food vendor, don't move to the other side of the room. He could have 300 carts or just one! Likewise, if you hear that he's is trading for a living, don't get too excited. His trading rules may be written to trade 1 contract per trade to supplement his retirement income. In any business, it all depends on you!! Follow these links to learn more about my Trading Rules or if you are interested in Trading for a Living. Thanks for reading and Make it a Profitable Day! Shawn W. Cooke How Much Does a Professional Trader Earn? by Shawn W. Cooke 8/01/11 I can't tell you how many times I get asked this question. As a professional Futures Trader who is Trading for a Living, I can give you a solid answer but, the truth is, there are many layers to this question. The short answer is that the sky really is the limit depending on the Trading Rules you create for yourself. The average trader on Wall Street earns between $400,000 and $800,000 per year. But trading for a living as an individual Futures trader (from home like me) is not like trading on Wall Street. Trading for a living as an individual trader actually has a lot of similarities to most traditional businesses. Here is a very simple analogy that I like to use that helps compare trading for a living to other businesses. If you owned one hot dog cart (a traditional business), and worked that hot dog stand exclusively, as the owner and the operator, you would be trading hot dogs for the cash that your customers pay for the product. In a sense, you are also trading for a living, and you must create Trading Rules that you follow when dealing with your customers. Here's where the business structures differ. As a Hot dog vendor, if you wished to grow your business, you would have to open a new hot dog stand that is run by an employee that you hire. This changes your Trading Rules. Your profit shrinks for the second location because you now have an employee to pay. As a Futures trader who is Trading for a Living, all I must do to grow my business is modify my trading rules to trade a larger share size. There is no additional labor or major expense to grow my business. The risk profile should not change for me, nor should it change for the hot dog vendor as long as certain conditions are met prior to the decision to grow each business. Additional Risk in any business happens when businesses' decide to grow too fast. As a Futures Trader, if I decide to trade a larger position size because my account size (cash on hand) has grown, then that is natural growth. I am trading larger but the percentage of my account at risk has not changed. I am trading with the same trading rules that I always have, but with a larger share size. As a traditional business, choosing to grow because cash on hand has increased is also natural growth. So the short answer about what a Professional Trader earns is no different than the same question asked about any scalable business profession with Trading Rules. I am sure there are food cart vendors with 300 carts on the street. If you go to a party and inquire about someone's profession only to hear he's a street food vendor, don't move to the other side of the room. He a
by Shawn W. Cooke
I can't tell you how many times I get asked this question. As a professional Futures Trader who is Trading for a Living, I can give you a solid answer but, the truth is, there are many layers to this question. The short answer is that the sky really is the limit depending on the Trading Rules you create for yourself.
The average trader on Wall Street earns between $400,000 and $800,000 per year. But trading for a living as an individual Futures trader (from home like me) is not like trading on Wall Street. Trading for a living as an individual trader actually has a lot of similarities to most traditional businesses. Here is a very simple analogy that I like to use that helps compare trading for a living to other businesses.
If you owned one hot dog cart (a traditional business), and worked that hot dog stand exclusively, as the owner and the operator, you would be trading hot dogs for the cash that your customers pay for the product. In a sense, you are also trading for a living, and you must create Trading Rules that you follow when dealing with your customers. Here's where the business structures differ. As a Hot dog vendor, if you wished to grow your business, you would have to open a new hot dog stand that is run by an employee that you hire. This changes your Trading Rules. Your profit shrinks for the second location because you now have an employee to pay. As a Futures trader who is Trading for a Living, all I must do to grow my business is modify my trading rules to trade a larger share size. There is no additional labor or major expense to grow my business. The risk profile should not change for me, nor should it change for the hot dog vendor as long as certain conditions are met prior to the decision to grow each business.
Additional Risk in any business happens when businesses' decide to grow too fast. As a Futures Trader, if I decide to trade a larger position size because my account size (cash on hand) has grown, then that is natural growth. I am trading larger but the percentage of my account at risk has not changed. I am trading with the same trading rules that I always have, but with a larger share size. As a traditional business, choosing to grow because cash on hand has increased is also natural growth.
So the short answer about what a Professional Trader earns is no different than the same question asked about any scalable business profession with Trading Rules. I am sure there are food cart vendors with 300 carts on the street. If you go to a party and inquire about someone's profession only to hear he's a street food vendor, don't move to the other side of the room. He could have 300 carts or just one! Likewise, if you hear that he's is trading for a living, don't get too excited. His trading rules may be written to trade 1 contract per trade to supplement his retirement income. In any business, it all depends on you!! Follow these links to learn more about my Trading Rules or if you are interested in Trading for a Living. Thanks for reading and Make it a Profitable Day!
Shawn W. Cooke How Much Does a Professional Trader Earn? by Shawn W. Cooke 8/01/11 I can't tell you how many times I get asked this question. As a professional Futures Trader who is Trading for a Living, I can give you a solid answer but, the truth is, there are many layers to this question. The short answer is that the sky really is the limit depending on the Trading Rules you create for yourself. The average trader on Wall Street earns between $400,000 and $800,000 per year. But trading for a living as an individual Futures trader (from home like me) is not like trading on Wall Street. Trading for a living as an individual trader actually has a lot of similarities to most traditional businesses. Here is a very simple analogy that I like to use that helps compare trading for a living to other businesses. If you owned one hot dog cart (a traditional business), and worked that hot dog stand exclusively, as the owner and the operator, you would be trading hot dogs for the cash that your customers pay for the product. In a sense, you are also trading for a living, and you must create Trading Rules that you follow when dealing with your customers. Here's where the business structures differ. As a Hot dog vendor, if you wished to grow your business, you would have to open a new hot dog stand that is run by an employee that you hire. This changes your Trading Rules. Your profit shrinks for the second location because you now have an employee to pay. As a Futures trader who is Trading for a Living, all I must do to grow my business is modify my trading rules to trade a larger share size. There is no additional labor or major expense to grow my business. The risk profile should not change for me, nor should it change for the hot dog vendor as long as certain conditions are met prior to the decision to grow each business. Additional Risk in any business happens when businesses' decide to grow too fast. As a Futures Trader, if I decide to trade a larger position size because my account size (cash on hand) has grown, then that is natural growth. I am trading larger but the percentage of my account at risk has not changed. I am trading with the same trading rules that I always have, but with a larger share size. As a traditional business, choosing to grow because cash on hand has increased is also natural growth. So the short answer about what a Professional Trader earns is no different than the same question asked about any scalable business profession with Trading Rules. I am sure there are food cart vendors with 300 carts on the street. If you go to a party and inquire about someone's profession only to hear he's a street food vendor, don't move to the other side of the room. He could have 300 carts or just one! Likewise, if you hear that he's is trading for a living, don't get too excited. His trading rules may be written to trade 1 contract per trade to supplement his retirement income. In any business, it all depends on you!! Follow these links to learn more about my Trading Rules or if you are interested in Trading for a Living. Thanks for reading and Make it a Profitable Day! Shawn W. Cooke How Much Does a Professional Trader Earn? by Shawn W. Cooke 8/01/11 I can't tell you how many times I get asked this question. As a professional Futures Trader who is Trading for a Living, I can give you a solid answer but, the truth is, there are many layers to this question. The short answer is that the sky really is the limit depending on the Trading Rules you create for yourself. The average trader on Wall Street earns between $400,000 and $800,000 per year. But trading for a living as an individual Futures trader (from home like me) is not like trading on Wall Street. Trading for a living as an individual trader actually has a lot of similarities to most traditional businesses. Here is a very simple analogy that I like to use that helps compare trading for a living to other businesses. If you owned one hot dog cart (a traditional business), and worked that hot dog stand exclusively, as the owner and the operator, you would be trading hot dogs for the cash that your customers pay for the product. In a sense, you are also trading for a living, and you must create Trading Rules that you follow when dealing with your customers. Here's where the business structures differ. As a Hot dog vendor, if you wished to grow your business, you would have to open a new hot dog stand that is run by an employee that you hire. This changes your Trading Rules. Your profit shrinks for the second location because you now have an employee to pay. As a Futures trader who is Trading for a Living, all I must do to grow my business is modify my trading rules to trade a larger share size. There is no additional labor or major expense to grow my business. The risk profile should not change for me, nor should it change for the hot dog vendor as long as certain conditions are met prior to the decision to grow each business. Additional Risk in any business happens when businesses' decide to grow too fast. As a Futures Trader, if I decide to trade a larger position size because my account size (cash on hand) has grown, then that is natural growth. I am trading larger but the percentage of my account at risk has not changed. I am trading with the same trading rules that I always have, but with a larger share size. As a traditional business, choosing to grow because cash on hand has increased is also natural growth. So the short answer about what a Professional Trader earns is no different than the same question asked about any scalable business profession with Trading Rules. I am sure there are food cart vendors with 300 carts on the street. If you go to a party and inquire about someone's profession only to hear he's a street food vendor, don't move to the other side of the room. He could have 300 carts or just one! Likewise, if you hear that he's is trading for a living, don't get too excited. His trading rules may be written to trade 1 contract per trade to supplement his retirement income. In any business, it all depends on you!! Follow these links to learn more about my Trading Rules or if you are interested in Trading for a Living. Thanks for reading and Make it a Profitable Day! Shawn W. Cooke How Much Does a Professional Trader Earn? by Shawn W. Cooke 8/01/11 I can't tell you how many times I get asked this question. As a professional Futures Trader who is Trading for a Living, I can give you a solid answer but, the truth is, there are many layers to this question. The short answer is that the sky really is the limit depending on the Trading Rules you create for yourself. The average trader on Wall Street earns between $400,000 and $800,000 per year. But trading for a living as an individual Futures trader (from home like me) is not like trading on Wall Street. Trading for a living as an individual trader actually has a lot of similarities to most traditional businesses. Here is a very simple analogy that I like to use that helps compare trading for a living to other businesses. If you owned one hot dog cart (a traditional business), and worked that hot dog stand exclusively, as the owner and the operator, you would be trading hot dogs for the cash that your customers pay for the product. In a sense, you are also trading for a living, and you must create Trading Rules that you follow when dealing with your customers. Here's where the business structures differ. As a Hot dog vendor, if you wished to grow your business, you would have to open a new hot dog stand that is run by an employee that you hire. This changes your Trading Rules. Your profit shrinks for the second location because you now have an employee to pay. As a Futures trader who is Trading for a Living, all I must do to grow my business is modify my trading rules to trade a larger share size. There is no additional labor or major expense to grow my business. The risk profile should not change for me, nor should it change for the hot dog vendor as long as certain conditions are met prior to the decision to grow each business. Additional Risk in any business happens when businesses' decide to grow too fast. As a Futures Trader, if I decide to trade a larger position size because my account size (cash on hand) has grown, then that is natural growth. I am trading larger but the percentage of my account at risk has not changed. I am trading with the same trading rules that I always have, but with a larger share size. As a traditional business, choosing to grow because cash on hand has increased is also natural growth. So the short answer about what a Professional Trader earns is no different than the same question asked about any scalable business profession with Trading Rules. I am sure there are food cart vendors with 300 carts on the street. If you go to a party and inquire about someone's profession only to hear he's a street food vendor, don't move to the other side of the room. He a